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May 13, 2012 3:15pm EDT
to allow exiting that market to allocate credit around the united states, a trading this uncertainty on what the fed will do next. does this help heal the financial crisis tax or the helpful during it? yes. >> it is congress's role to set the fiscal policy and trade the business climate is a recovery can occur. >> if the fed had been constrained because they did not have the dual mandate it is in the recovery. would it be what we are experiencing now? they were able to keep it a look at inflation, they would have been raising interest rates. 2009 they were constrained in inflation, then they would not have been lowering the race. having the still mandate, most are arguing that it gave them the flexibility to act quickly to the marketplace. >> i like to respond. >> i want to talk about the comment about the fed's role in inflating things during the greenspan to years. i 3 by keeping interest rates but by explicitly agreed using to follow the mandate. many of us did believe that loans were being made imprudently to people who cannot pay them back. i think this would have been a mistake
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